The Danish challenger bank Lunar has finally launched its 'Pay Later' feature, taking on Swedish BNPL market leader Klarna.
PayPal launches a new buy now, pay later product in the UK allowing users to pay in three instalments over a short period.
Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.
The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.
PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.
The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.
The 'all cards in one' fintech Curve has been testing its new lending option with just a small number of customers at the moment. The full launch is expected later this year.
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Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.
Exclusive: An interview with Michael Schweikart, a co-founder of the sustainable banking provider Tomorrow
Tomorrow is a social business FinTech company and a neobank, that was started in 2018 by founders Inas Nureldin, Jakob Berndt, and Michael Schweikart with a vision to use money as a lever for positive change. Since its launch in 2018, the company has 50+ employees and 55,000+ customers.